Wed, Jul 30, 2014, 3:34 PM EDT - U.S. Markets close in 26 mins.

Recent

% | $
Click the to save as a favorite.

Nautilus Inc. Message Board

  • successful_01 successful_01 Jul 31, 2003 1:58 PM Flag

    Stock Buyback

    I wouldn't be surprised to see NLS get more aggressive with share buybacks in the next several weeks. For just $15 million (out of their $60 cash on the balance sheet) they could buy back about 1.25 million shares (@ $12) or about 4% of the float. I would expect them to announce soon that the board has authorized a continuation of the buyback program authorized for the 1st half of 2003. This coupled with the continued dividend payments is going to put huge pressure on the shorts to cover�IMO.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I wouldn't be surprised to see covering *pressure* on shorts. But I think the remaining shorts are "gamblin' men" who don't care what's really going on. Many of them, in my estimation, will cover only if the stock price rises enough that they can't meet their margin requirements.

      I think we will go through many more months of denial while shorts try to hold back the tide with their spoons and rakes.

 
NLS
10.19-0.16(-1.55%)3:33 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.